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Posted: 3/15/2019 5:32:25 AM EDT
The Securities and Exchange Commissionalleged in a court filing that Volkswagen"perpetrated a massive fraud" and repeatedly lied to U.S. investors in connection with the so-called dieselgate scandal.

The regulator is suing Volkswagen and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal. The suit seeks to bar Winterkorn from serving as an officer or director of a public U.S. company and recover "ill-gotten gains." Winterkorn was charged by U.S. prosecutors in 2018 and accused of conspiring to cover up the German automaker's diesel emissions cheating.

The SEC said in its complaint filed in San Francisco that from April 2014 to May 2015, Volkswagen issued more than $13 billion in bonds and asset-backed securities in U.S. markets at a time when senior executives knew that more than 500,000 U.S. diesel vehicles grossly exceeded legal vehicle emissions limits.

https://www.google.com/amp/s/www.cnbc.com/amp/2019/03/15/dieselgate-sec-says-volkswagen-perpetrated-fraud-lied-to-investors.html
Link Posted: 3/15/2019 5:35:19 AM EDT
[#1]
Define grossly...lol
Link Posted: 3/15/2019 5:50:00 AM EDT
[#2]
LOL... Volkswagen helped the Nazis kill Jews for money... and we're supposed to be surprised that they might commit fraud???

LOL... people don't think Corporate World be like it is, but it do.
Link Posted: 3/15/2019 6:00:47 AM EDT
[#3]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
LOL... Volkswagen helped the Nazis kill Jews for money... and we're supposed to be surprised that they might commit fraud???

LOL... people don't think Corporate World be like it is, but it do.
View Quote
VW didn't exist till after WWII. The kdf wagon was a government manufactured vehicle, who's primary goal was in collecting money from people with no intention of supplying a product, the money was used to gear up for the war.

VW was built around the remaining type 1 concept was used to create a new manufacture to rebuild the German economy.
Link Posted: 3/15/2019 6:24:07 AM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
LOL... Volkswagen helped the Nazis kill Jews for money... and we're supposed to be surprised that they might commit fraud???

LOL... people don't think Corporate World be like it is, but it do.
View Quote
Well, Ol henry Ford seemed to like the Nazi's too and didn't really like Jews............guess they [manufacturer] are in the same boat as VW.
Link Posted: 3/15/2019 7:57:36 AM EDT
[#5]
Small potatoes

You want to read something interesting about VW?

Porsche- the hedgefund that also made cars
Link Posted: 3/15/2019 8:03:36 AM EDT
[#6]
Quoted:
The Securities and Exchange Commissionalleged in a court filing that Volkswagen"perpetrated a massive fraud" and repeatedly lied to U.S. investors in connection with the so-called dieselgate scandal.

The regulator is suing Volkswagen and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal. The suit seeks to bar Winterkorn from serving as an officer or director of a public U.S. company and recover "ill-gotten gains." Winterkorn was charged by U.S. prosecutors in 2018 and accused of conspiring to cover up the German automaker's diesel emissions cheating.

The SEC said in its complaint filed in San Francisco that from April 2014 to May 2015, Volkswagen issued more than $13 billion in bonds and asset-backed securities in U.S. markets at a time when senior executives knew that more than 500,000 U.S. diesel vehicles grossly exceeded legal vehicle emissions limits.

https://www.google.com/amp/s/www.cnbc.com/amp/2019/03/15/dieselgate-sec-says-volkswagen-perpetrated-fraud-lied-to-investors.html
View Quote
No shit
Link Posted: 3/15/2019 8:03:50 AM EDT
[#7]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

Small potatoes

You want to read something interesting about VW?

Porsche- the hedgefund that also made cars
View Quote
Link Posted: 3/15/2019 8:05:08 AM EDT
[#8]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

Well, Ol henry Ford seemed to like the Nazi's too and didn't really like Jews............guess they [manufacturer] are in the same boat as VW.
View Quote
how come? what did the Jews do to Ford?
Link Posted: 3/15/2019 8:18:09 AM EDT
[#9]
So kind of like the fraud the democrats committed with all of the Bernie voters
Link Posted: 3/15/2019 8:25:03 AM EDT
[#10]
Lied to investors.....

Governments lie to whole populations.
The media lies to the world.

I understand it's different when money is involved, but still....
Diesels don't even have an emissions standard that can be tested here in Virginia, but when I lived in the DC area of Virginia - the regional governments mandated that I pay for the emissions test so the tech could hook my Jeep up to the computer and hand me a test report that had N/A printed in all the columns.
Link Posted: 3/15/2019 8:33:05 AM EDT
[#11]
Why is College Football involved in this and didn't VW already get hosed for this?
Link Posted: 3/15/2019 8:34:26 AM EDT
[#12]
EPA is criminal and should be gutted...President Trump should do it right away.
Link Posted: 3/15/2019 8:35:03 AM EDT
[#13]
VW should counter sue the EPA for thr unreasonable regulations that led to this.
Link Posted: 3/15/2019 8:35:30 AM EDT
[#14]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Well, Ol henry Ford seemed to like the Nazi's too and didn't really like Jews............guess they [manufacturer] are in the same boat as VW.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
LOL... Volkswagen helped the Nazis kill Jews for money... and we're supposed to be surprised that they might commit fraud???

LOL... people don't think Corporate World be like it is, but it do.
Well, Ol henry Ford seemed to like the Nazi's too and didn't really like Jews............guess they [manufacturer] are in the same boat as VW.
For crying out loud gonna drag the Bush family in next?
Link Posted: 3/15/2019 8:43:36 AM EDT
[#15]
SEC ignores Wall St shenanigans but goes after EPA violators.
Link Posted: 3/15/2019 9:04:00 AM EDT
[#16]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Define grossly...lol
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10 or so times over the legal limit apparently or something like that?
Link Posted: 3/15/2019 9:06:56 AM EDT
[#17]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
SEC ignores Wall St shenanigans but goes after EPA violators.
View Quote
Never ever doubt that tenacity and fanaticism of environmental supporters, they can even sometimes make communist look like reasonable "people"

Volkswagen group has been forced to Shell out 30 billion dollars of their own money because of these shenanigans, don't forget it's not just the EPA that's angry about this it's also countries in Europe as well.
Link Posted: 3/15/2019 9:07:08 AM EDT
[#18]
When the regulators are placing such onerous conditions on your auto business that you have to lie, it's the regulators who are the problem and not Volkswagen.
Link Posted: 3/15/2019 9:11:58 AM EDT
[#19]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
SEC ignores Wall St shenanigans but goes after EPA violators.
View Quote
They should have just sold completely fraudulent mortgage-backed securities and they would have left them alone.
Link Posted: 3/15/2019 9:42:49 AM EDT
[#20]
Investors don't care.  Where I work we buy those Asset Backed Securities.  The only thing Wall Street cares about is the impact silly .gov fines have on those securities' prices.
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